/24-7PressRelease/ - SAN JOSE, CA, September 19, 2008 - Selectica (NASDAQ: SLTC), a leading provider of contract lifecycle management (CLM) solutions , will host an informational webinar entitled "Contract Lifecycle Management - Why It's Important, How to Choose" (http://www.selectica.com/Campaign/ForresterAnalystWebinar/tabid/627/Default.aspx) featuring Andrew Bartels, Vice President and Principal Analyst for Forrester Research. The webinar will be held Tuesday, September 23, at 4:00 p.m. ET, and will feature findings from the latest Forrester Wave : Contract Life-Cycle Management, Q3 2008 (August 2008) report issued by Forrester Research.
During his presentation, Bartels will review the four stages of value for CLM deployment, and where companies are finding the greatest rewards from contract management software. He also will touch on the success factors required for an effective CLM strategy, including creating a centralized data repository, reporting and analytics, and contract creation. The presentation also will include a discussion of how CLM technology can facilitate risk management, and how contract management software can lay the foundation for automated transaction systems.
"At the risk of engaging in a bit of hyperbole, we believe that CLM could turn out to be one of the most important new business applications of the first decade of the 21st century." Bartels writes in the Wave report. "Why? CLM plays a critical role in helping companies operate with more dynamic, uniquely defined partner relationships - especially in business-to-business (B2B) interactions - and soon CLM will help manage internal business relationships (e.g., the IT departments with business partners). CLM is also allowing general counsels and legal departments to play a more proactive role in business risk management, as well as enabling CFOs to improve Sarbanes-Oxley compliance. Plus, CLM helps companies improve the performance of their balance-sheet assets and liabilities as well as their intangible assets and liabilities such as brands, key customer and supplier relationships, and intellectual property, which we at Forrester believe is the next frontier of software for optimizing business results."
Bartels also will discuss what stakeholders should look for in an effective CLM system, including such features as support for multiple types of contracts, a searchable central contract repository, scalability, and links to other enterprise transaction systems. He also will review some of the specific findings from the Wave report, including leading CLM vendors such as Selectica, and their market differentiators.
For more information and to register for the webinar, visit Selectica's web site at http://www.selectica.com.
About Selectica, Inc.
Selectica provides its customers with software solutions that automate the complexities of enterprise contract management and sales configuration lifecycles. The company's high-performance solutions underlie and unify critical business functions including sourcing, procurement, governance, sales and revenue recognition. Selectica has been providing innovative, enterprise-class solutions for the world's largest companies for over 10 years and has generated substantial savings for its customers. Selectica customers represent leaders in manufacturing, technology, retail, healthcare and telecommunications, including: ABB, Ace Hardware, Bell Canada, Cisco, Covad Communications, General Electric, Hitachi, Juniper Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at http://www.selectica.com.
Investor Contact:
Scott Wilson, 415-768-7945, ir@selectica.com
Media Contact:
Tom Woolf, 415-259-5638, pr@selectica.com
# # #
Read more Press Releases from Tom Woolf:Other Press Release Headlines:
